Tuesday 27 September 2011

Eurozone crash the only show in town.

Ignore the ramblings of the political parties as their annual conferences.  Merely a distraction from the real show - the headlong rush of the eurozone and probably the European Union into the buffer stops at the end of the line.  The causes of the impending disaster?  Political failure on an epic scale matched only by the lunatic ambition of the commissars of Brussels.   And let us not forget the apologists for the EU and the eurozone, the enemy within, the Liberal Dozycrats, the pro-EU fanatics who have supported every stage of the EU's development.  

The views of the citizens have been ignored, swept aside in the rush to integrate Europe.  Now, at long last, it is pay back time.  But it will be  bitter-sweet as those who will suffer most will be the citizens, sold down the river by Eurocrats and politicians.

The forces of opposition are massing.

In France Sarkozy and the Right have lost control of the Senate to the Left for the first time since 1958.

See: http://www.telegraph.co.uk/news/worldnews/nicolas-sarkozy/8788199/Nicolas-Sarkozy-suffers-major-blow-as-French-Senate-lurches-Left.html

and: http://www.telegraph.co.uk/news/worldnews/nicolas-sarkozy/8789628/French-Senates-swerve-to-the-Left-What-it-means.html

In Germany Merkel is coming under even greater pressure.  The head of the German constitutional court has warned against the government breaching constitutional  law and raised the prospect of the need for a referendum. He issued a blunt warning that no further fiscal powers may be surrendered to Europe without a new constitution and a popular referendum.

See:  http://www.telegraph.co.uk/finance/financialcrisis/8790799/Germany-at-war-over-eurozone-bail-out.html

and: http://www.telegraph.co.uk/finance/financialcrisis/8790785/German-turmoil-over-EU-bail-outs-as-top-judge-calls-for-referendum.html

also: http://www.spiegel.de/international/germany/0,1518,788487,00.html

So, political crisis in Paris and in Berlin,  never mind the problems of Greece, Portugal, Spain, Italy, Ireland and Belgium. 

For the third time in a century the lights are going out in Europe.  Tighten your belts, we are heading into tempestuous seas.

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